Is A Lack of Listings Slowing Down the Housing Market?

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Real Estate Agent with Allison James Elite CA. BRE 01501699

Chris B Johnson, REALTOR®   Neighborhood Market Report  Mortgage Pre Approval   Time To Buy A Home

 What Is My Home Worth?

Lack of Listings Slowing Down the Housing Market | Simplifying The Market

The housing crisis is finally in the rear view mirror as the real estate market moves down the road to a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and short sales) have fallen dramatically. It seems that 2016 will be the year that the housing market again races forward.

However, there is one thing that may cause the industry to tap the brakes: a lack of housing inventory. While buyer demand looks like it will remain strong throughout this winter, supply is not keeping up.

Here are the thoughts of a few industry experts on the subject:

Calculated Risk:

“Low inventory is probably holding down sales in many areas.”

Capital Economics:

“A lack of housing inventory continues to drive developments in the market. As demand has slowly recovered, low inventory levels have weighed on home sales.”

Frank Nothaft, Chief Economist for CoreLogic:

“Many markets have experienced a low inventory of homes for sale along with strong buyer demand... These conditions are likely to persist as we enter 2016.”

Doug Duncan,Chief Economist at Fannie Mae:

“Several factors point to constrained housing affordability in 2016, particularly for first-time home buyers, including slow single-family supply response and limited inventory of starter homes on the market.”

Lawrence Yun, Chief Economist at NAR:

“Sparse inventory and affordability issues continue to impede a large pool of buyers’ ability to buy, which is holding back sales.”

Bottom Line

If you are thinking of selling, now may be the time. Demand for your house will be strong at a time when there is very little competition. That could lead to a quick sale for a really good price.


Chris B Johnson Realtor
CDPE, SFR, BPOR, HAFA, CDAT, PSC, QSC
Allison James Elite
Moorpark, CA
(805) 208-0823
Your home is probably the biggest asset that you own. That is why you need to choose a partner, who is working for YOU to get the job done correctly, the first time. One who is concerned about Quality, not Quantity.
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Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Thanks for the informative blog post, Chris.  It sounds as though things are looking up for 2016 - hopefully more homes will be put on the market to begin to keep up with the demand.

Jan 13, 2016 11:18 AM #1
Rainmaker
797,909
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Chris - It is indeed a good time to sell when there is low inventory and buyers wanting to buy. We are experiencing a little of that here in AZ, but new home construction is increasing.

Jan 13, 2016 12:04 PM #2
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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Good Thursday morning Chris.  I heard on the news last night that our area enjoyed a rise in December sales.  Up 23% in 2014 with a price increase as well. Onward and upward in real estate. 

Jan 13, 2016 07:10 PM #3
Rainmaker
1,427,659
Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Our area has a lack of inventory - now would definitely be a good time for sellers to get their house on the market!

Jan 13, 2016 09:06 PM #4
Rainmaker
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Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

AMEN Kat Palmiotti 

Jan 14, 2016 01:11 AM #5
Rainmaker
548,584
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

More is Better Bob Crane !!

Jan 14, 2016 01:13 AM #6
Rainmaker
548,584
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

We are seeing more new home constuction too Troy Erickson 

Jan 14, 2016 01:14 AM #7
Rainmaker
548,584
Chris B Johnson REALTOR®
Allison James Elite - Moorpark, CA
5 Star Rated REALTOR® Quality, Not Quantity

An increase in Volume and an increase is prices would be great John McCormack !!

Jan 14, 2016 01:17 AM #8
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Rainmaker
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